Ros Agro saw sales and adjusted EBITDA from its two other main divisions - meat and oil - also increase.

However, in the third quarter, sales and adjusted EBITDA from Ros Agro's meat business fell. Ros Agro said pork volumes fell year-on-year. The business also saw an increase in the cost of sales and reported a fall in the gains it saw in the revaluation of biological assets and agricultural produce.

Reflecting on the group's nine-month numbers, CEO Maxim Basov said: "Ros Agro is showing the best 9M financials in its history. Sugar business became the biggest contributor to Ros Agro EBITDA in Q3 and 9M for the first time in three years. [The] environment for sugar industry improved globally and in Russia. Ros Agro plans to increase investments in this segment. The meat market in the European part of Russia has reached maturity and the growth of the company in this segment and region will be focusing on operational improvement and processing depth increase."

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